Elo Mutual Pension Insurance Co Decreases Stake in The Sherwin-Williams Company (NYSE:SHW)

Elo Mutual Pension Insurance Co lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,064 shares of the specialty chemicals company’s stock after selling 1,155 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Sherwin-Williams were worth $6,286,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Waterloo Capital L.P. purchased a new stake in Sherwin-Williams during the 4th quarter valued at about $360,000. Valeo Financial Advisors LLC grew its position in shares of Sherwin-Williams by 7.9% in the second quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock valued at $787,000 after purchasing an additional 193 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Sherwin-Williams by 7.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,533 shares of the specialty chemicals company’s stock valued at $532,000 after purchasing an additional 103 shares in the last quarter. Brevan Howard Capital Management LP increased its holdings in shares of Sherwin-Williams by 259.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 6,998 shares of the specialty chemicals company’s stock valued at $2,183,000 after purchasing an additional 5,049 shares during the last quarter. Finally, Transcend Capital Advisors LLC lifted its position in Sherwin-Williams by 24.1% during the second quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock worth $2,329,000 after buying an additional 1,514 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 0.7 %

Shares of NYSE:SHW opened at $375.29 on Thursday. The firm has a market capitalization of $95.15 billion, a PE ratio of 40.01, a price-to-earnings-growth ratio of 2.94 and a beta of 1.17. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $382.83. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The firm’s 50-day moving average is $351.31 and its two-hundred day moving average is $327.67.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the prior year, the firm earned $3.29 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Analysts predict that The Sherwin-Williams Company will post 11.47 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a dividend of $0.715 per share. The ex-dividend date was Friday, August 16th. This represents a $2.86 annualized dividend and a yield of 0.76%. Sherwin-Williams’s payout ratio is 30.49%.

Insiders Place Their Bets

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the transaction, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on SHW shares. Robert W. Baird raised their target price on Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. UBS Group raised their price objective on shares of Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. The Goldman Sachs Group boosted their target price on shares of Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Barclays raised their price target on shares of Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Finally, Evercore ISI upped their price objective on Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $362.68.

Sherwin-Williams Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.